This paper presents a review of current online payment systems in relation to security and trust solutions. These are examined to determine their underlying assumptions, as well as their strengths and weaknesses. A new electronic payment system model based on a personal mobile device and existing electronic payment models is proposed. The model focuses on trust to enhance the feeling of security in the use of credit cards for online payment systems. Mobile personal trust devices are used to control the payment process of customers in a transaction so as to give them the feeling of being in control of the payment process. One of the advantages of the proposed scheme is that the trust mechanism does not require a trust merchant to act as an intermediary between customers and the acquirer. Therefore, customers will send their information without concern of personal disclosure, or of the possibility of misuse of their secure information by the merchant.
History
Source title
Proceedings of the IADIS International Conference e-Commerce 2008
Name of conference
IADIS International Conference e-Commerce 2008
Location
Amsterdam, Netherlands
Start date
2008-07-25
End date
2008-07-27
Pagination
244-249
Editors
Krishnamurthy, S.
Publisher
IADIS Press
Place published
Amsterdam, Netherlands
Language
en, English
College/Research Centre
Faculty of Science and Information Technology
School
School of Design, Communication and Information Technology
Rights statement
This is a reprint from a paper published in the Proceedings of the IADIS International Conference e-Commerce, 2008